SandRidge Energy (SD) Getting Somewhat Favorable Media Coverage, Accern Reports
Media headlines about SandRidge Energy (NYSE:SD) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SandRidge Energy earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 45.2668882192943 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- SandRidge Energy (SD) Upgraded at ValuEngine (americanbankingnews.com)
- BRIEF-Carl Icahn Makes Demand To Inspect Certain Books And Records Of Sandridge Energy (SD) (markets.businessinsider.com)
- Carl Icahn considers steps to overturn SandRidge Energy board (marketwatch.com)
- Carl Icahn calls SandRidge purchase of Denver energy company ‘insane’ and ‘ridiculous’ (bizjournals.com)
- UPDATE 1-Icahn wants to probe SandRidge books, records (SD) (markets.businessinsider.com)
SandRidge Energy (NYSE:SD) traded up $0.27 during trading on Friday, hitting $18.88. 668,730 shares of the stock were exchanged, compared to its average volume of 916,860. The company has a market cap of $673.37 and a P/E ratio of 8.50. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. SandRidge Energy has a fifty-two week low of $14.65 and a fifty-two week high of $24.76.
SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. The business had revenue of $80.89 million for the quarter, compared to the consensus estimate of $77.60 million. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. equities research analysts anticipate that SandRidge Energy will post 1.11 EPS for the current year.
A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
In other news, major shareholder Carl C. Icahn bought 1,257,242 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price of $16.34 per share, for a total transaction of $20,543,334.28. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Carl C. Icahn bought 869,184 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $16.11 per share, for a total transaction of $14,002,554.24. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.
About SandRidge Energy
SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.
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